CARPENTERS-CONTRACTORS WORKERS COMPENSATION TRUST (EIN 956982554) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

FRED HOVENIER

Phone

2133868590

Tax Period

2023-01-01 to 2023-12-31

CARPENTERS-CONTRACTORS WORKERS COMPENSATION TRUST, founded in 1994, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. Expenses of $352K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO IMPROVE LABOR MANAGEMENT RELATIONS AND WORKERS COMPENSATION BENEFITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $234,396

Investment Income $18,878

Other Revenue $0

TOTAL REVENUE $253,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $352,078

TOTAL EXPENSES $352,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,274	$247,816	+0.0%
Expenses	$352,078	$330,768	+0.1%
Net Income	$-98,804	$-82,952	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED HOVENIER	TRUSTEE	1.00	Director	$0	$0	$0
FRANK ZAMBRANO	TRUSTEE	1.00	Director	$0	$0	$0
MIKE LONG	TRUSTEE	1.00	Director	$0	$0	$0
GREG WILSON	TRUSTEE	1.00	Director	$0	$0	$0
SEAN HARTRANFT	TRUSTEE	1.00	Director	$0	$0	$0
JACOB LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSH RAPER	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$253,274	$352,078	$672,771	$-98,804
2022	$247,816	$330,768	$776,629	$-82,952
2021	$260,890	$414,872	$887,933	$-153,982
2020	$295,521	$334,978	$1,013,355	$-39,457
2019	$339,882	$436,298	$1,073,343	$-96,416
2018	$295,463	$465,351	$1,163,152	$-169,888

CARPENTERS-CONTRACTORS WORKERS COMPENSATION TRUST